Berman Capital Advisors LLC purchased a new stake in Baytex Energy Corp (NYSE:BTE) (TSE:BTE) during the first quarter, Holdings Channel reports. The institutional investor purchased 150,000 shares of the oil and gas producer’s stock, valued at approximately $253,000.

Several other institutional investors have also recently modified their holdings of the company. HRT Financial LLC bought a new stake in Baytex Energy during the fourth quarter worth about $28,000. Blume Capital Management Inc. raised its holdings in Baytex Energy by 182.4% during the fourth quarter. Blume Capital Management Inc. now owns 21,078 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 13,615 shares in the last quarter. CLARET ASSET MANAGEMENT Corp raised its holdings in Baytex Energy by 410.0% during the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 25,500 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 20,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Baytex Energy by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,530 shares of the oil and gas producer’s stock worth $75,000 after acquiring an additional 14,203 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Baytex Energy during the fourth quarter worth about $89,000. Institutional investors own 25.40% of the company’s stock.

Several analysts recently issued reports on BTE shares. CIBC reiterated a “buy” rating on shares of Baytex Energy in a report on Saturday, February 2nd. Raymond James reiterated a “buy” rating on shares of Baytex Energy in a report on Thursday, March 7th. Zacks Investment Research upgraded Baytex Energy from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Thursday, March 7th. Finally, Macquarie upgraded Baytex Energy from a “neutral” rating to an “outperform” rating and set a $1.81 target price on the stock in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Baytex Energy currently has an average rating of “Buy” and a consensus target price of $4.09.

Shares of NYSE BTE opened at $1.84 on Thursday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -20.44 and a beta of 2.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.86 and a current ratio of 0.86. Baytex Energy Corp has a twelve month low of $1.38 and a twelve month high of $4.59.

Baytex Energy (NYSE:BTE) (TSE:BTE) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $341.05 million for the quarter. Baytex Energy had a positive return on equity of 1.17% and a negative net margin of 15.71%. On average, analysts anticipate that Baytex Energy Corp will post 0.22 earnings per share for the current fiscal year.

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Baytex Energy Profile

Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company offers light oil, natural gas liquids, shale and natural gas, heavy gravity crude oil, bitumen, and heavy oil.

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Institutional Ownership by Quarter for Baytex Energy (NYSE:BTE)

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